Why is Bitcoin suddenly rallying?

Bitcoin jumped as much as 4.3% on Monday to $74,861, while Ether, Solana and XRP also climbed as crypto traders kept reacting to Middle East tension.

Bitcoin is still holding up better than a lot of traditional assets since the Iran war began in late February, with gold down about 5% this month while Bitcoin is up more than 12%.

Markets are still on edge because oil remains elevated near $100 a barrel, the U.S.-Iran conflict is getting worse, and U.S. stock futures are up after Wall Street ended last week lower.